Skip to content
Home » How to make money with farming – The ultimate guide

How to make money with farming – The ultimate guide

1. Introduction

Have a look at the clothes you wear, the paper you use in the office or in class, the food you eat, the drugs prescribed to you by your physician and many more things around you. The majority of those items were planted, raised, processed and handed over to you by farmers for your own consumption. In this article, I will guide you on how to make money with farming.

Research has shown that the United States of America (USA), was able to raise a gross farm income from 356.5 billion dollars in 2010 to 525.29 billion dollars in 2022. As such, a farming business is a very lucrative industry where you can easily double your money when given serious attention.

Thus, a farmer produces what he eats and sells. Therefore, this shows that you don’t need to worry about buying food items for your own consumption, rather the more farm produce is becoming expensive, the more you earn a higher profit. To make money with farming, one needs dedication, commitment, knowledge of the type of farming he intends to go for, and money.

Therefore, before you go into farming to make money, there are things you need to put into consideration:

Ask yourself, what type of farming do I intend to go for? We have several types of farming that can bring money into your pocket:

Animal farming: This is one of the profitable farming businesses that can help you to generate income. You can start with fish farming, rearing cows for milk and beef, Bee farming, poultry farming for eggs and chicken, pig farming, sheep farming, goats farming, and many more.

Cash crops farming: You can plant cotton, maize, rice, wheat, herbs farming, Tree nursery, Aquaponics, cabbage, green beans, carrot, beans, and many more to earn money in the market.

It’s worthy to note that the type, quality, and size of the soil or land you have plays a vital role in how much money you make as a farmer. Therefore, you need an expert to guide you on the type of farming that best suits your soil. It’s important to choose a soil that is very fertile when you intend to go for crop farming.

The money in your pocket is also another factor you need to put into consideration. You don’t need a lot of money to start farming today. You can start with a small amount of money and then increase your investment based on the profit you earned. What you intend to invest depends on what you have, and you can start farming to earn money according to the size of your pocket.

It’s also important to note that many countries do lend money to farmers, and they pay back at a certain period.

The environment and the weather are also other crucial factors. Weather and environment can affect your farming, be it animal or crops farming. Therefore, study the weather of the location you intend to farm.

Are you close to the river or Dam? Remember that both animals and plants need water to survive. It’s important to know that proximity with a source of water can influence your productivity.

Now that you have an idea of how and where to start farming, your next target is to start acquiring tools for the farm. They can be land, tractors, wheelbarrows, cutlasses, animals, water, water pump, seeds, fertilizer, shovel, rake, axe, plough, cultivator, sprayer, watering can, combine harvester, irrigation sprinkler, and Harrow.

Finally, farming needs patience, dedication and commitment. And to be able to achieve success, you must gradually expand your operation.

If you’re like most people, you probably think of farming as a chore, not a source of income. But that’s not true anymore. With the right techniques, you can make money farming and have a lot of fun doing it, too. 

Start small.

If you’re just getting started, don’t rush into growing everything at once. You need to begin with a few crops or animals and then see how much money you can make. With time, you will understand what works for you and your experience on the field will also help you to make more money.

2. How to make money with farming — What is farming?

Farming is the process of raising crops, and rearing animals usually on a large scale for the production of food and other raw materials. The goal of farming is to provide food and raw materials for people, animals, and plants.

3. What are the types of farming?

  • Arable farming: This is a way of giving attention to farming of crops in a particular land. For example, when you decide to grow crops like wheat on your land, it means that you are concentrating on arable farming.
  • Pastoral farming: This type of farming involves rearing animals.
  • Mixed farming: In this case, you mixed the farming crops and rearing of animals at the same time.
  • Subsistence farming: A farmer decides to grow crops and rear livestock for his personal consumption, not for trade.
  • Commercial farming: A type of farming that is meant for commercial purposes only.
  • Intensive farming: This type of farming involves concentrating more resources in terms of capital and labor to achieve higher productivity.
  • Extensive Farming: When it comes to extensive farming, a farmer invests a low input in labor and less capital compared to the size of the land used for farming.
  • Sedentary farming: In this case, a farmer decides to use the same area of land without rotation, he permanently chooses to grow his crops on the same field of land annually.
  • Nomadic farming: Herders move from one location to another, to search for food and water for their animals. Therefore, a farmer moves from one area to another to achieve high productivity.

4. What are the benefits of farming?

Our grandparents used to tell us that farming is the source of all wealth. Farming has being in existence for many centuries and many of our ancestors benefited from it in terms of food or trade. It is one of the most important ways to produce food. The benefits of farming include:

  • It protects the land from erosion,
  • enhances the quality of the soil,
  • makes more food available,
  • reduces unemployment,
  • preserving natural resources, and
  • boost the economy.
  • It’s a source of income.

As we can see, farming can help generate food production for money or personal consumption to reduce hunger. There is no nation that can survive without farming, as it helps to create more jobs and reduce food shortages.

5. How to start farming?

Have you made up your mind to start farming? Then, you need to acquire land. Choose the type of farming that you believe you can afford, gather the resources you need and don’t forget to consult an expert on the field to get relevant information that can help you to succeed.

6. How to make money with farming?

Of course, you can make money with farming. We have many ways you can make money through farming: and it ranges from selling crops like wheat, maize, to animals like fish farming, dairy farming, renting an area of land or even a tool.

 You can also borrow money from the government and invest in your farming business.

8. Tips for successful farming.

Here are some tips that can help you to succeed and make money with farming:

a. Plan on what you intend to achieve.

As you are all set to commence farming, start by consulting an agricultural expert to gain more knowledge about the business. Plan on what you intend to do, the type of crops or animals you want to farm, the size of the land, proximity of water, the quantity and quality of what you want to produce, and other strategies according to your plans. Make sure you plan your strategies to make it easier for yourself.

b. Be Organized.

Organizing your plans will help you to achieve success. Keeping track of the tasks you intend to achieve is very important, it helps you to understand your shortcomings and the areas where you are making progress. Come up with a timetable and track all the activities you intend to carry out.

c. Request for Assistance.

Like I said earlier, you need to consult an expert in the agricultural field and tap in from his knowledge. Remember that no money is too small to lose. Therefore, ask people with experience, and conduct research about the type of farming you intend to go for.

d. Make use of Technology

Technology has changed the state of how we view and do things, it makes the most difficult job much easier. Applying technology in terms of hardware, software applications and online tools can help you to be more productive and achieve the tasks in the simplest way possible. Technology can help you to automate tasks, track your progress, and receive real-time alerts if there are problems with your crops.

e. Patience

Farming requires dedication, commitment, and patience. You might risk losing everything you invested if you are not patient with the process.

You may also like to check:

How to Shop for Gold Jewelry and Keep Your Investment Safe

Facts on Gold Jewelry Business You Need to Know

1 thought on “How to make money with farming – The ultimate guide”

  1. Pingback: Aure: How to Plan a Hausa Wedding in the Arewa - Arewagist

Leave a Reply

Your email address will not be published.